The Executor or Administrator Is Responsible for All the Following

question 9

Multiple Choice

The executor or administrator is responsible for all the following estate duties except

• A)preserving the estate's existence as a separate taxpayer.
• B)collecting the assets.
• C)paying the debts and taxes.
• D)distributing the property.

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Definitions:

Cash Paid

Money that a company spends during a period for operating activities, investments, and financing activities, excluding non-cash transactions.

Dividends to Stockholders

Payments made to shareholders out of a corporation's profits as a reward for investing in its shares.

Cash Paid for Wages

The amount of money disbursed by a company to its employees as compensation for labor.